Owais Metal and Mineral Processing Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹100(114.94%)
Premium (ELP)
The Initial Public Offering of Owais Metal and Mineral Processing Limited's culminated in its successful listing on Mar 04, 2024 at the NSE trading platform. The company secured 49,07,200 Shares through this capital market exercise, with 49,07,200 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹83 to ₹87, with minimum investment requirements of 1600 shares. The subscription period from Feb 26, 2024 to Feb 28, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Feb 29, 2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Established in 2022, Owais Metal and Mineral Processing Limited specializes in metal and mineral processing, having evolved from its prior operation as M/s Owais Ali Overseas, a sole proprietorship led by Mr. Saiyyed Owais Ali. The company's diverse product portfolio includes manganese oxide (MnO) for the fertilizer and manganese sulfate industries, MC Ferro Manganese for steel and casting, charcoal for high-heat industrial furnaces, and various mineral processing solutions involving ferroalloys, quartz, and manganese ore, serving industries such as hospitality, ceramics, glass, and furniture. With a market presence spanning Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat, the company operates a manufacturing facility in Meghnagar, Madhya Pradesh. As of December 31, 2023, Owais Metal and Mineral Processing Limited employed 25 permanent staff members, supporting its operational and market expansion efforts.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Client Base: Provides consistent revenue, reduces customer acquisition costs, and offers expansion opportunities through upselling or cross-selling.
- Optimal Resource Utilization: Enhances efficiency, lowers costs, and maximizes profitability.
- Fully Integrated Manufacturing Facility: Ensures quality control, reduces dependency on third-party suppliers, and improves production timelines.
- Strong Customer Relationships: Boosts customer retention, builds brand trust, and generates referrals for organic growth.
- Robust Distribution Network: Ensures wider market penetration, faster delivery, and stronger brand presence.
- Legal Proceedings Risk: Ongoing legal issues could lead to financial liabilities, operational disruptions, and reputational damage. Proactive legal management and risk mitigation strategies are crucial.
- Limited Operating History: Investors may find it difficult to evaluate long-term performance due to the company's recent formation. Transparency and strong financial disclosures will be essential for building investor confidence.
- Leased Office Dependency: A leased registered office introduces risks of relocation or lease termination, which could disrupt operations. Exploring long-term lease agreements or potential ownership options could mitigate this risk.
- Environmental Regulation Compliance: Stringent environmental laws require the company to stay compliant. Failure to do so could lead to fines, legal actions, or operational shutdowns. Regular audits and proactive compliance measures are advisable.
- Business Acquisition Risk: Integrating an acquired business comes with operational, cultural, and financial challenges. A structured integration plan, including synergy identification and process alignment, is necessary to ensure smooth operations and growth.
- Mr. Saiyyed Owais Ali
- Mr. Sayyad Akhtar Ali
- Mr. Saiyyed Murtuza Ali
Owais Metal and Mineral Processing Limited
Bigshare Services Private Limited